Guar yesterday we have seen that market has moved 1.18% due to delay in the progress of monsoon. Thin supplies and good demand from exporters also supported the sentiment. In the Jodhpur spot market, guar gained 7 rupees to end at 2,269 rupees per 100 kg. Market has opened at 2277 & made a low of 2273 versus the day high of 2317. The total volume for the day was at 131950 lots and the open interest was at 126920.Now support for the guar is seen at 2286 and below could see a test of 2258. Resistance is now likely to be seen at 2330, a move above could see prices testing 2346.

Trading Ideas:

Guar trading range is 2254-2342.

Guar ended positive as delay in the progress of monsoon supported prices

Guar is getting resistance at 2330 and support is at 2286 level

NCDEX accredited warehouses guar stocks rose 20 tonnes to 11466 tonnes.

BUY GUAR JULY ABV 2310 SL 2290 TGT 2330-2356-2370.NCDEX

In Jodhpur guar prices gained by 7 rupees and settled at 2,269 rupees per 100 kg.